Archive for Capitalism

The Supreme Court on Wednesday heard oral arguments in a case that raises a fundamental question: whether a physician can infringe a patent merely by using scientific research to inform her treatment decisions.

Unfortunately, this issue was barely mentioned in Wednesday’s arguments. A number of influential organizations had filed briefs warning of the dire consequences of allowing medical patents, but their arguments were largely ignored in the courtroom. Instead, everyone seemed to agree that medical patents were legal in general, and focused on the narrow question of whether the specific patent in the case was overly broad.

This should make the nation’s doctors extremely nervous. For two decades, the software industry has struggled with the harmful effects of patents on software. In contrast, doctors have traditionally been free to practice medicine without worrying about whether their treatment decisions run afoul of someone’s patent. Now the Supreme Court seems poised to expand patent law into the medical profession, where it’s unlikely to work any better than it has in software.

Oakland’s independent police review body will examine the clashes between riot officers and protesters that left an Iraq war veteran in a critical condition as Occupy protestors prepare to rally at the same spot for a third night of protests.

Police battled protesters following an Occupy Oakland march to demonstrate against the closing of two occupations in the city in the early hours of Tuesday morning. More than 100 people have been arrested in Oakland since police cleared a camp in Frank Ogawa plaza.

Scott Olsen, 24, suffered a fractured skull and brain swelling after he was allegedly hit in the head by a police projectile during the clashes on Tuesday. A spokesperson for Highland hospital in east Oakland confirmed he was critically ill after being admitted on Tuesday night.

A source at the Oakland citizen’s police review board said it had not yet received a formal complaint, but would be “looking into” the circumstances surrounding Olsen’s injuries. The board will decide whether to launch an official investigation over the next couple of days.

Jay Finneburgh, an activist photographer who was at the protest, published pictures of Olsen lying bloodied on the ground, while video footage appeared to show police throwing a ‘flash bang’ explosive close to fellow protesters trying to provide aid.

“[Olsen] stood behind me,” Finneburgh told the Guardian. “I looked to my left and he hit the ground, and he hit it hard.

“A woman went to look down at him, and he was bleeding from the head. She started screaming,” he said.

Video footage posted to YouTube shows Olsen lying motionless in front of a police line after apparently having been hit. A group of up to 10 protesters gather around him, but a police officer can be seen throwing a device close to the group which then explodes with a bright flash and loud bang, scattering the protesters. The video then cuts to footage of protesters carrying Olsen away as he bleeds from the head.

So…not only was this a person (which would be quite bad enough), but it was an IRAQ WAR VETERAN. Oakland PD, the only moral course of action is for every last officer to turn in your badges and uniforms. You have shown yourself as the vermin you are, and your influence as an organized force will be purged from our nation. Reclaim your humanity now, and if you choose not to, do not expect mercy from the hands of the people you have turned on.

This statement was ratified and accepted by the Boston General Assembly on Oct. 13 2011.

On 15th October 2011, united in our diversity, united for global change, we demand global democracy: global governance by the people, for the people. Inspired by our sisters and brothers in Tunisia, Egypt, Libya, Syria, Bahrain, New York, Palestine-Israel, Spain and Greece, we too call for a regime change: a global regime change. In the words of Vandana Shiva, the Indian activist, today we demand replacing the G8 with the whole of humanity – the G 7,000,000,000.

Undemocratic international institutions are our global Mubarak, our global Assad, our global Gaddafi. These include: the IMF, the WTO, global markets, multinational banks, the G8\G20, the European Central Bank and the UN Security Council. Like Mubarak and Assad, these institutions must not be allowed to run people’s lives without their consent. We are all born equal, rich or poor, woman or man. Every African and Asian is equal to every European and American. Our global institutions must reflect this, or be overturned.

Today, more than ever before, global forces shape people’s lives. Our jobs, health, housing, education and pensions are controlled by global banks, markets, tax-havens, corporations and financial crises. Our environment is being destroyed by pollution in other continents. Our safety is determined by international wars and international trade in arms, drugs and natural resources. We are losing control over our lives. This must stop. This will stop. The citizens of the world must get control over the decisions that influence them in all levels – from global to local. That is global democracy. That is what we demand today.

Something that officially represents the voice of Occupy Boston, rather than the speculation and words from those who cannot speak for us as a whole. Lest there be confusion… No, we’re not all camping out in the cold and rain, being rounded up and brutally beaten by cops, and going on marches to support Obama’s jobs act. The time is now to rise up and join in your communities to push for change (and not just Change(tm)).

In the first such analysis ever conducted, Swiss economic researchers have conducted a global network analysis of the most powerful transnational corporations TNCs. Their results have revealed a core of 787 firms with control of 80% of this network, and a “super entity” comprised of 147 corporations that have a controlling interest in 40% of the network’s TNCs.

When we hear conspiracy theorist talk about this or that powerful group or alliance of said groups “pulling strings” behind the scenes, we tend to dismiss or minimize such claims, even though, deep down, we may suspect that there’s some degree of truth to it, however distorted by the theorists’ slightly paranoid perception of the world. But perhaps our tendency to dismiss such claims as exaggerations at best comes from our inability to get even a slight grip on the complexity of global corporate ownership; it’s all too vast and complicated to get any clear sense of the reality.

From the abstract:

“We present the ﬁrst investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. We ﬁnd that transnational corporations form a giant bow-tie structure* and that a large portion of control ﬂows to a small tightly-knit core of ﬁnancial institutions. This core can be seen as an economic “super-entity” that raises new important issues both for researchers and policy makers.” [emphasis added]

Data from previous studies neither fully supported nor completely disproved the idea that a small handful of powerful corporations dominate much or most of the world’s commerce. The researchers acknowledge previous attempts to analyze such networks, but note that these were limited in scope to national networks which “neglected the structure of control at a global level.”

Well, glad to see we finally got some good quantifiable evidence behind the claims that we all have known on some level were true. Should help shatter the myth of this level playing field free market capitalism where everyone has the opportunity to rise or fall to any echelon of prosperity and power…

Publicity might be the lifeblood of the book trade these days but author Cathal Morrow is going public in more ways than one with plans to float himself on the London Stock Exchange. Having previously wangled sponsorship from a private equity company to fund a year without lying – he’s writing up his exploits as the book Yes We Kant – Morrow is hopeful that patrons looking for a more unusual investment will back this latest project, Me Me Me Plc.

“Rather than one company owning part of the intellectual property of a project, a lot of people will own a smaller part of me,” he says. Morrow is offering a total of 30,000 shares in himself at £10 a piece (he’s retaining 30%, “the vital organs and so forth”). Because he’s not legally allowed to sell shares in himself, what investors are actually buying is a signed photo of the author, with the shares given for free. Morrow is also looking for non-executive directors and sponsors.

I always wondered if something like this were possible…apparently this guy put more thought into it than I did though. Also, only 30% retained? Um, I’m pretty sure that means if the shareholders get together, they can tell you what to do, and it’s legally binding. Methinks this has to violate a slavery law or two…

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